Hello all, I note all sorts of conjecture (formation of opinion on incomplete information) here on price. Why bother is my comment because nothing - I repeat nothing has changed except short term sentiment which is as reliable as Melbourne weather.
As they say in Melbourne - if you don't like the weather wait 10 minutes - or is that 2 hours. Share price is drifting awaiting the major news events to come. Fundamentals have not changed at all.
What wonderful volatility - if you can use it do so. If not and you don't like it buy a stock in a base formation or a blue chip. I am not being unsympathetic - yes the paper value of my shares have fallen for now too. I hold the longer term view because that is where risk reward can be under my control. My emotions are under my control too so I choose to keep my eye on the mountain. I see one in front of me - how many other holders see the same picture as me. Snow capped peaks - we will go snowboarding back down the other side at a later date.
Is the gully deeper in front of us? Depends on what path we take - and does it really make any difference in the end? Not really - if AVB needed cash short term I would have some concern. I have factored in 100% conversion of the BOB's already.
Good luck all - choose your strategy, do your homework and stick to your path. AVB will do the same.
Best regards, CW
AVB Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held
